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president obama went to michigan today to promote his plan to raise taxes on the top 2% of income earners. a gruing number of republicans say they may be willing to accept tax rate hikes on the rich as long as they gain ground on entitlements. >>> well, the holiday rush is on, folks, fedex says today will be the bus just day of the shipping year, and it could be one of the busiest days ever. >> jay gray took a tour of fedex's world headquarters earlier today and join us live from mississippi with a look at the behind the scenes situation, a look at how the packages get from here to there. >> reporter: hey there, fedex facilities across the nation, including this one in mississippi n. constant motion, moving 19 million packages at a rate of 200 per second. the holiday rush is ramping up at fedex today. >> we've been planning for this day since the day after christmas last year, literally planning for this day since then. >> now it's here, the busiest day in fedex history, 19 million packages passing through the system, 10 million more than an average today. >> peak means longers hours, mor
president obama went to michigan today to promote his plan to raise taxes on the top 2% of income earners. a gruing number of republicans say they may be willing to accept tax rate hikes on the rich as long as they gain ground on entitlements. >>> well, the holiday rush is on, folks, fedex says today will be the bus just day of the shipping year, and it could be one of the busiest days ever. >> jay gray took a tour of fedex's world headquarters earlier today and join us live from...
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Dec 10, 2012
12/12
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as you said, michigan is the home of the american worker. but there are more protests planned in your state today over the controversial right to work legislation that the governor there, rick snyder, sparked this political firestorm when he announced last week he'd sign a bill requiring workers to financially support unions. it could happen tomorrow. moments ago you and your michigan colleagues gave a news conference on this. are you concerned this is going to turn into another messy situation similar to what we saw play out in wisconsin last year? >> here's what i'm concerned about with right to work. is that, number one, it'll end up cutting wages and benefits for middle-income workers who really need the money right now. they're still struggling with under water mortgages, with their kids facing all the student loan debt that i've been fighting to reduce, and also our middle-income families, when they have enough money to take care of themselves, spending that money actually stimulates the economy. so right to work is wrong. everyone who
as you said, michigan is the home of the american worker. but there are more protests planned in your state today over the controversial right to work legislation that the governor there, rick snyder, sparked this political firestorm when he announced last week he'd sign a bill requiring workers to financially support unions. it could happen tomorrow. moments ago you and your michigan colleagues gave a news conference on this. are you concerned this is going to turn into another messy situation...
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Dec 10, 2012
12/12
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well, the president was in michigan today speaking before autoworkers and selling his tax plan. let's listen. >> if congress doesn't act soon, meaning the next few weeks, starting on january 1st everybody is going to see their income taxes go up. it's true. y'all don't like that, huh? we can solve this problem. all congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. that means 98% of americans and probably 100% of you. >> in some republicans are slowly but steadily fatesing a reality on the fiscal negotiations. leading the way, senator bob corker of tennessee. >> there is a growing group of folks that are looking at this and realizing we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that's it. the presidency and the senate is in the democrats' hands. a lot of people are putting forth a theory and i actually think it has merit where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudd
well, the president was in michigan today speaking before autoworkers and selling his tax plan. let's listen. >> if congress doesn't act soon, meaning the next few weeks, starting on january 1st everybody is going to see their income taxes go up. it's true. y'all don't like that, huh? we can solve this problem. all congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. that means 98% of americans and probably 100% of you....
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Dec 10, 2012
12/12
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this is a big deal to michigan. you have to remember, michigan was built on unions. the united autoworkers union was born here. unions are really the backbone to this state. so it would be a huge blow if this law passes. not only here in michigan but across the country. because it could really undercut, has the possibility of undercutting the power and influence of unions. once again, not just here in michigan but across the country. this really goes beyond politics. andrew potter, talked with him today, he's in a union, he's a republican, and he's against this republican-backed measure. >> it's a smoke and mirror attempt to take away the representation that these members and these hard working class citizens are going to receive. >> reporter: but those in favor of this bill say, you know what, it does give workers the freedom to choose what they want to do. whether or not they want to join a union and pay those union dues. and they say it also grows jobs. >> it actually makes unions more accountable and makes them more responsive to their members because now the uni
this is a big deal to michigan. you have to remember, michigan was built on unions. the united autoworkers union was born here. unions are really the backbone to this state. so it would be a huge blow if this law passes. not only here in michigan but across the country. because it could really undercut, has the possibility of undercutting the power and influence of unions. once again, not just here in michigan but across the country. this really goes beyond politics. andrew potter, talked with...
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Dec 10, 2012
12/12
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the fight now has moved to michigan. they are angry over the expect expected passage of a new law demanding dues from workers. that has them angry. happy monday, everybody. bill: how was the weekend. martha: weekend was good. it was like we got the tree up. it barely fits in the living room but that's okay. bill: michigan workers back to work, tomorrow, tuesday, the first order of business is the final votes on the law and off to the governor's desk. he has said he will sign it into law but critics day it's an assault on workers rights. have a listen here. >> this legislation isn't about anything except an attack on workers' rights and roll people back from what we fought for for generations. >> i view this as solving and issue for michigan workers. this is about giving workers choice. we have hard workers in michigan. martha: here we go. john fund is national affairs columnist for the national review. welcome. good morning to you. it's very interesting when you watch what some would call market forces, changing the dyna
the fight now has moved to michigan. they are angry over the expect expected passage of a new law demanding dues from workers. that has them angry. happy monday, everybody. bill: how was the weekend. martha: weekend was good. it was like we got the tree up. it barely fits in the living room but that's okay. bill: michigan workers back to work, tomorrow, tuesday, the first order of business is the final votes on the law and off to the governor's desk. he has said he will sign it into law but...
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Dec 10, 2012
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brand new week, and with the fiscal cliff just 22 days away, the president is on the move heading to michigan to rally autoworkers' support for higher taxes on the wealthy and greater investment in u.s. manufacturing. the president traveled to a suburb of detroit touring an engine plant that's announcing a $100 million expansion in production and jobs. and even as the president touted that economic bright spot, he renewed his case to extend tax cuts for 98% of americans that are due to expire at the end of the year. >> how many of you can afford to pay another $2,200 in taxes? not you? >> no! >> that's a hit you can't afford to take. and by the way, that's not a good hit for businesses either. >> the president's urgent push come as the white house and congress enter the deadline phase in their negotiations to get a deal passed by next friday, the last day congress is in session. president obama and house speaker john boehner know they have to reach agreement this week if there's to be a deal, which is why they met behind closed doors on sunday. spokesmen for both men say that lines of communi
brand new week, and with the fiscal cliff just 22 days away, the president is on the move heading to michigan to rally autoworkers' support for higher taxes on the wealthy and greater investment in u.s. manufacturing. the president traveled to a suburb of detroit touring an engine plant that's announcing a $100 million expansion in production and jobs. and even as the president touted that economic bright spot, he renewed his case to extend tax cuts for 98% of americans that are due to expire...
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Dec 10, 2012
12/12
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on friday there was a preliminary measure of consumer sentiment from the university of michigan that showed a big drop after four months of gains. i can't help but wonder if that's because of all the coverage of the fiscal cliff and how much it plays into the news media. at this point maybe that's a sign for washington, guys, hurry up and get something done, because this really is starting to matter. >> can't emergency until maybe just recently did anyone really said, wow, am i going to get junior this gift? >> everything we talked about is how consumers were still hanging in. but it's two-thirds of the economy. >> a couple weeks ago, consumers and businesses alike weren't really investing. they were only spending exactly what they had to to sort of get themselves to the end of the year and that any longer-term investment really wasn't happening. they were putting it on hold. >> where are you on the aussie discharge? >> oh, no. >> the ones who called up and crank called -- >> well, i do believe that, you know, they had to think that they weren't going to get through. i made a prank c
on friday there was a preliminary measure of consumer sentiment from the university of michigan that showed a big drop after four months of gains. i can't help but wonder if that's because of all the coverage of the fiscal cliff and how much it plays into the news media. at this point maybe that's a sign for washington, guys, hurry up and get something done, because this really is starting to matter. >> can't emergency until maybe just recently did anyone really said, wow, am i going to...
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Dec 10, 2012
12/12
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. >>> some right to work opponents are expected to converge on michigan's capitol today. the protest is expected to swell to thousands tomorrow when the state house and senate will try to hammer out a final version which will make michigan the 24th right to work state. supporters say the legislation will spark economic growth and encourage fairness. opponents say it will lower wages and benefits and hurt the middle class and that strong unions built michigan's middle class. >> so fedex is bracing for the busiest day ever. ever. the company is expecting to handle 19 million packages today. that's 200 packs per second. the internet sales are booming and that is increasing volume by 10% over last year. >> i just ordered a ton last night. >> you're single-handedly responsible -- >> i'll be part of that. get it on time. that's all i say. the daring rescue of an american held in afghanistan comes at a very steep price. we're going to go live to the pentagon for more on the top secret mission. that's coming up. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day
. >>> some right to work opponents are expected to converge on michigan's capitol today. the protest is expected to swell to thousands tomorrow when the state house and senate will try to hammer out a final version which will make michigan the 24th right to work state. supporters say the legislation will spark economic growth and encourage fairness. opponents say it will lower wages and benefits and hurt the middle class and that strong unions built michigan's middle class. >> so...
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Dec 10, 2012
12/12
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president obama stopped in michigan. he will be talking about the economy and extending tax cuts. >> and again, of course live coverage of the senate later today. they will become at 2:00. we will hear from president obama will be making a stop in michigan. he's going to talk about the economy and extended tax cuts. he's been working on a deal with john boehner. they met yesterday to discuss the fiscal cliff. the president will visit a diameter eco-plant in redford. and as "the detroit news" reports, the company plans to announce $109 investment in that plan for new technology and expanding their production. you can watch the president's remarks live at about 2:00 eastern over on our companion network, c-span. >> friday, former reagan officials reflected on the 1987 negotiations on a nuclear missile treaty with the soviet union. the intermediate nuclear forces treaty, or inf, led to the destruction of thousands of europe-based nuclear missiles on both sides. speakers here will include former assistant secretary of state
president obama stopped in michigan. he will be talking about the economy and extending tax cuts. >> and again, of course live coverage of the senate later today. they will become at 2:00. we will hear from president obama will be making a stop in michigan. he's going to talk about the economy and extended tax cuts. he's been working on a deal with john boehner. they met yesterday to discuss the fiscal cliff. the president will visit a diameter eco-plant in redford. and as "the...
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Dec 10, 2012
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. >> people thought the redskins were crazy when they drafted kirk cousins from michigan state. after everything they gave up to get rg3. he had that wicked knee injury. that's not good. he came back and played for a while. then he left. cousins comes in and gets it done. ties the game up with a touchdown. and then he ran in the two-point version on a quarterback draw. redskins won it in overtime. huge win for wish wish. now they're 7-6. >> willie, let's talk about, though, the backup rookie quarterback and what he did to win the game. >> unbelievable. drives them down the field. was that a designed draw, do you think? >> it was. it was a designed draw. he improvised on the touchdown pass, but the run, it was planned the whole way. he did it, he got it done and redskins win. >> what do we know about rg3 going forward? have we heard more about his injury? >> he had an mri to look at that knee. no significant ligament damage. i was told whether he can play sunday at cleveland, still up in the air. he could miss a game, but it's not a serious knee injury. >> he could miss cleveland
. >> people thought the redskins were crazy when they drafted kirk cousins from michigan state. after everything they gave up to get rg3. he had that wicked knee injury. that's not good. he came back and played for a while. then he left. cousins comes in and gets it done. ties the game up with a touchdown. and then he ran in the two-point version on a quarterback draw. redskins won it in overtime. huge win for wish wish. now they're 7-6. >> willie, let's talk about, though, the...
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Dec 10, 2012
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. >> so consumer electronics, plastics, fabricated metals -- >> the president's in michigan today with extension from daimler. >> no, that's right. ironically michigan might vote to become a right-to-work state which could help their manufacturing competitiveness, as well. but thatroceeen going on for 20 years. now, look, we think we probably need to cut the corporate tax rate and have a territoriality agreement so we stop trying to tax profits of u.s. domiciled countries twice. but if we can do those things we think manufacturing will start coming back. it's not going to really happen in a major way in '13. but you know, '14, '15, these benefits will start to accrue to the economy and if it looks like there's a real strong case for a pickup in earnings growth, in '14, then the market will start to price that in the backup of '13. >> we spend so much time talking about what's going to happen in washington over the next 20 days. it's nice to actually have a conversation about what will happen in the next twelve months. brarry, thank you so much. >> i had to force myself to do it. >> bar
. >> so consumer electronics, plastics, fabricated metals -- >> the president's in michigan today with extension from daimler. >> no, that's right. ironically michigan might vote to become a right-to-work state which could help their manufacturing competitiveness, as well. but thatroceeen going on for 20 years. now, look, we think we probably need to cut the corporate tax rate and have a territoriality agreement so we stop trying to tax profits of u.s. domiciled countries...